21 April 2016
Dear Professional colleague, A doctor book a under construction commercial property for use of clinic space on loan on 01.02.2016 but possession will be taken by the builder in the year 2019.
My query is on the basic of as above facts :-
1.What will be the treatment of interest of loan for income tax purpose for the F.Y.2016-2017,2017-2018,2018-2019 under which head.
2.Can the above person claim depreciation on such commercial property in the F.Y.2019-2020.
CAclubindia
